Weekly Review

JAY SWAMINARAYAN

We said   “   Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.   “   We suggested Strategy:   [1]  Open short below 6070 with stop loss 6140 for targets 6020 – 5980 – 5930 - 5890.   [2]  Open long above 6070 with stop loss 5980 for targets  6110 – 6140 – 6200 – 6230.

Nifty opened positive and traded expected. In first half Nifty registered high of 6101.30 than turned back towards 6000 and registered low of 6007.85 in second half. Anyhow Nifty succeeds to recover the losses on Friday. Nifty gained 10 points ( + 0.17 % ) and closed in green.

                                 For This Week

We expect same, Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.  Nifty have 1^st Sup. at 6020 – 5980 & 2^nd Sup. at 5930 – 5890 and Nifty find 1^st Res. at 6110 – 6140 & 2^nd Res. At 6200 – 6230.

We expect volatility to remain in the market on account of RBI Monetary policy on Tuesday and also F & O expiry in this week. So be cautious and trade carefully.

Strategy:

[1]  Open short below 6070 with stop loss 6140 for targets 6020 – 5980 – 5930 - 5890. 

           

               

[2]  Open long above 6070 with stop loss 5980 for targets  6110 – 6140 – 6200 – 6230.

NIFTY :: OP = 6085.75 , HI = 6101.30 , LO = 6007.85 , CL = 6074.65.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to touch 6020 – 6110.   “   We suggested Strategy:   [1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750.   [2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

Nifty opened positive and traded expected. In first half Nifty traded strong and registered high of 6068.50 than turned back below 6000 on Wednesday. In second half Nifty succeed to recover the gains and registered high of 6083.40. Nifty gained massive 113 points ( + 1 . 90 % ) and closed in green.

                                 For This Week

We expect now, Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.  Nifty have 1^st Sup. at 6020 – 5980 & 2^nd Sup. at 5930 – 5890 and Nifty find 1^st Res. at 6110 – 6140 & 2^nd Res. At 6200 – 6230.

Strategy:

[1]  Open short below 6070 with stop loss 6140 for targets 6020 – 5980 – 5930 - 5890. 

           

               

[2]  Open long above 6070 with stop loss 5980 for targets  6110 – 6140 – 6200 – 6230.

NIFTY :: OP = 5967.20 , HI = 6083.40 , LO = 5962.15 , CL = 6064.40.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “    Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.   “   We suggested Strategy:   [1]  Open short below 6020 with stop loss 6110 for targets 5960 – 5930 – 5870 – 5840.   [2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

Nifty opened positive and traded expected. In first half Nifty registered high of 6042.15 than turned back towards our shorting level and achieved our 1^st down side target. Nifty registered low of 5940.60 in second half. Nifty lost 64 points ( - 1 . 08 % ) and closed in red.

                                 For This Week

We expect now, Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to touch 6020 – 6110.  Nifty have 1^st Sup. at 5870 – 5840 & 2^nd Sup. at 5780 – 5750 and Nifty find 1^st Res. at 5980 – 6020 & 2^nd Res. At 6070 – 6110.

Strategy:

[1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750. 

          

                

[2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

NIFTY :: OP = 6042.15 , HI = 6042.15 , LO = 5940.60 , CL = 5951.30.

WEEKLY REVIEW

JAY SWAMINARAYAN

We said   “    Nifty will be traded with negative bias below 5930 and it would be decline towards 5840 – 5750. Other hand above 5930 Nifty will be traded with positive bias and it would be tries to test 6020 – 6110.   “   We suggested Strategy:   [1]  Open short below 5930 with stop loss 6020 for targets 5870 – 5840 – 5780 - 5750.   [2]  Open long above 5930 with stop loss 5840 for targets  5980 – 6020 – 6070 – 6110.

Nifty opened flat and traded expected. On Monday Nifty registered low of 5897.15 than turned up towards our buying level and achieved our 1^st upside target. Nifty registered high of 6020.75 in second half. Nifty gained 107 points ( + 1 . 82 % ) and closed in green.

                                  For This Week

We expect now, Nifty will be traded with negative bias below 6020 and it would be decline towards 5930 – 5840. Other hand above 6020 Nifty will be traded with positive bias and it would be tries to touch 6110 – 6200.  Nifty have 1^st Sup. at 5960 – 5930 & 2^nd Sup. at 5870 – 5840 and Nifty find 1^st Res. at 6070 – 6110 & 2^nd Res. At 6160 – 6200.

Strategy:

[1]  Open short below 6020 with stop loss 6110 for targets 5960 – 5930 – 5870 - 5840. 

          

                

[2]  Open long above 6020 with stop loss 5930 for targets  6070 – 6110 – 6160 – 6200.

NIFTY :: OP = 5901.20 . HI = 6020.75 , LO = 5897.15 , CL = 6016.15.